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Mobileye and Munich Reinsurance Partner to Reduce Automotive Collisions

| September 13, 2017

Collisions

Mobileye, an Intel company, known as a leader in advanced driver assistance systems (ADAS) and autonomous driving technologies, announced a collaboration intended to reduce commercial fleet collisions and enhance road safety in the United States.

Mobileye’s aftermarket life-saving ADAS system alerts drivers of impending collisions so that the driver can react in time to take action. The system consists of a windshield-mounted vision sensor and a visual display unit mounted in the cabin which allows a high-resolution vision sensor to analyzes potential hazardous scenarios in real time before providing warnings in advance of potential forward collisions

Beginning immediately, Munich Reinsurance America Inc. (Munich Re, US) will make available Mobileye’s aftermarket Advanced Collision Avoidance System to its clients, including commercial fleets.

The new program will provide Munich Re, US clients with the option of retrofitting existing vehicles with Mobileye ADAS technology, designed to help mitigate the potential for collisions among fleets and improve driver behavior through the use of warning signals.

With the increase in traffic fatalities in the U.S. over the last few years, the partnership underscores the importance of new technologies and alliances to address the growing challenge of automobile collisions and resulting fatalities.

Consider the challenge: The National Safety Council estimates the cost of deaths, injuries and property damage attributed to crashes in 2016 totaled $432.5 billion, up 12 percent over the previous year.

For its part, Mobileye says that its crash avoidance systems has helped its users reduce overall crashes by 60 percent including a 43 percent reduction in lane departure-type crashes and a 95 percent reduction in forward collisions.

“As Americans drive more miles and engage in activities that take their attention off the road, such as texting and talking on cellphones, the number of traffic crashes and fatalities has grown, “said Mike Scrudato, senior vice president and strategic innovation leader, Munich Re, US. “Our partnership with Mobileye offers our client companies and their customers with a range of fleet vehicles – from auto to light- and heavy-duty trucks to buses – tools to help reduce property losses and help save lives.”

Moran David, general manager, U.S. and Canada, Mobileye, said, “The ability to improve driver habits with real-time feedback coupled with re/insurance protection will provide companies with a well-rounded risk management solution.

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Category: Featured, News, Safety

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